\begin{table}
\centering
\fontsize{10}{12}\selectfont
\begin{tabular}[t]{lrrrrrr}
\toprule
\multicolumn{1}{c}{ } & \multicolumn{2}{c}{No public loans (N=4820)} & \multicolumn{2}{c}{Public loans (N=991)} & \multicolumn{2}{c}{ } \\
\cmidrule(l{3pt}r{3pt}){2-3} \cmidrule(l{3pt}r{3pt}){4-5}
\textbf{ } & \textbf{Mean} & \textbf{Std. Dev.} & \textbf{Mean} & \textbf{Std. Dev.} & \textbf{Diff. in Means} & \textbf{p}\\
\midrule
Number of amakudari & 0.29 & 1.77 & 0.77 & 2.52 & 0.48 & $<$0.01\\
Total assets & 735.96 & 8449.58 & 391.20 & 1219.81 & -344.76 & $<$0.01\\
Total liabilities & 655.80 & 8036.91 & 272.00 & 950.07 & -383.80 & $<$0.01\\
Operating revenue & 124.20 & 645.87 & 306.06 & 1037.25 & 181.86 & $<$0.01\\
Gross profit & 28.42 & 168.80 & 61.34 & 190.15 & 32.92 & $<$0.01\\
Return on investment & 14.84 & 322.74 & 18.38 & 220.85 & 3.53 & 0.68\\
EBITDA & 11.83 & 88.03 & 29.63 & 93.25 & 17.80 & $<$0.01\\
Return on equity & -12.79 & 1424.56 & -2.33 & 155.09 & 10.46 & 0.64\\
Leverage & 4.32 & 37.71 & 4.28 & 6.42 & -0.04 & 0.95\\
Reserve ratio & 126.27 & 611.64 & 59.78 & 89.62 & -66.49 & $<$0.01\\
Employees & 2542.09 & 11590.18 & 5749.02 & 18528.88 & 3206.93 & $<$0.01\\
Temporary employees & 1204.17 & 5115.74 & 2447.99 & 10078.88 & 1243.81 & $<$0.01\\
Total government loans & 0.00 & 0.00 & 5.10 & 21.02 & 5.10 & $<$0.01\\
Total private loans & 3.23 & 23.58 & 33.84 & 84.16 & 30.61 & $<$0.01\\
\bottomrule
\end{tabular}
\end{table}
